Retail

Claims that lottery betting could be a detriment to the Irish national lottery have been dismissed by the Irish Minister for Finance, Paschal Donohoe, who cited a lack of evidence. Speaking in response to a Parliamentary question, Donohoe stated that he does not believe that there is “any evidence of a significant impact on the national lottery arising from online …

The battle between Grupo Codere investors and the enterprise founding Sampedro family intensifies as former Group President and Chief Executive Jose Antonio Sampedro refuses to sign-off the firm’s 2018 accounts. The embattled Bolsa Madrid gambling group, sees itself caught in the middle of boardroom feud between the Sampedro family who maintain 19% of the company’s shareholding and Codere’s multiple US …

Bookmaker group Paddy Power Betfair has released a proposition to rebrand the group as Flutter Entertainments in a bid to reflect the group’s growing brand portfolio. In a release of the group’s preliminary full-year 2018 results, the group outlined that its recent merger and acquisition drive meant that a rebrand would be essential in order to represent its global range. …

Ministers of Mexico’s ‘Movimiento Regeneración Nacional (Morena)’ social democratic party have pushed forward a proposition mandate, seeking to revamp Mexican gambling laws. Morena forms part of Mexico’s social reform coalition government, sharing its legislative agenda with the PT Labour Party. Issuing a public communique, Morena has propositioned that Mexican gambling laws be withdrawn from state assemblies, with full regulatory authority transferred …

Issuing a market update, Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has announced that it will move to offer (subject to market conditions) $1.1 billion in senior unsecured debt notes. SGC’s latest debt transaction will be offered to private investors through wholly owned subsidiary Scientific Games International, with the technology group detailing that the unsecured debt notes will be …

The new Live Keno TV satellite channel from Golden Race is now exclusively live for the African gambling market, having replaced the firm’s existing Dog Race/Keno satellite solution. The channel is a betting solution, specially designed for African countries with limited internet connection, which airs the popular Live Keno Deluxe lottery game from Golden Race’s certified and licensed professional studio …

With negotiations between the UK and the European Union (EU) still ongoing, and only 24 days until the formal departure date, GVC Holdings (GVC) has released its Brexit contingency plans which will see the online gambling company alter its operational strategy. No deal has yet been reached between the UK and the EU, and so it is difficult to say what …

As anticipated Nasdaq gambling technology group Scientific Games Corporation (SGC) has announced a major supplier win, confirming that it will takeover the management of the Turkish IDDAA sports betting concession, in partnership with Turkish media conglomerate Demirören Holdings. Servicing 5,300 Turkish retail betting points, SGC and Demirören have established new joint-venture ‘Şans Girişim’, the company which will operate the ten-year …

Issuing a short market statement, Athens-listed gambling/lottery technology group Intralot SA has confirmed the resignation of Antonios Kerastaris as Group Chief Executive and a member of the firm’s board. Updating investors, Intralot governance confirms that current Executive Chairman and enterprise founder Sokratis Kokkalis will re-take leadership of the firm’s day-to-day operations as Group CEO. Kerastaris ends his five-year tenure as …